Alps Advisors Inc. Buys New Holdings in Booking Holdings Inc. (BKNG)

Alps Advisors Inc. bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 183 shares of the business services provider’s stock, valued at approximately $381,000.

A number of other institutional investors have also recently modified their holdings of the stock. FDx Advisors Inc. acquired a new position in shares of Booking during the first quarter worth about $7,660,000. Progressive Investment Management Corp acquired a new position in shares of Booking during the first quarter worth about $4,521,000. Groesbeck Investment Management Corp NJ acquired a new position in shares of Booking during the first quarter worth about $1,094,000. Shaker Investments LLC OH acquired a new position in shares of Booking during the first quarter worth about $2,101,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Booking during the first quarter worth about $123,550,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Shares of Booking opened at $2,089.11 on Friday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.14 and a quick ratio of 2.14. The stock has a market capitalization of $99.61 billion, a P/E ratio of 27.12, a PEG ratio of 1.44 and a beta of 1.26. Booking Holdings Inc. has a fifty-two week low of $2,066.80 and a fifty-two week high of $2,082.10.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Wednesday, May 9th. The business services provider reported $12.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $10.68 by $1.32. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.87 billion. Booking had a return on equity of 22.03% and a net margin of 18.90%. Booking’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the company earned $9.88 earnings per share. equities research analysts anticipate that Booking Holdings Inc. will post 88.71 earnings per share for the current fiscal year.

A number of research analysts have commented on the company. Stifel Nicolaus boosted their price objective on Booking from $2,222.00 to $2,332.00 and gave the stock a “buy” rating in a research note on Thursday, May 10th. Morgan Stanley reduced their price objective on Booking from $2,240.00 to $2,100.00 and set an “overweight” rating on the stock in a research note on Thursday, May 10th. Royal Bank of Canada restated an “outperform” rating on shares of Booking in a research note on Thursday, May 10th. Deutsche Bank restated a “hold” rating and set a $2,175.00 price objective on shares of Booking in a research note on Tuesday, May 8th. They noted that the move was a valuation call. Finally, Wells Fargo restated a “hold” rating and set a $2,050.00 price objective on shares of Booking in a research note on Monday, May 7th. Eight equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $2,165.45.

In related news, Director Jeffrey E. Epstein sold 250 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $2,020.00, for a total value of $505,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $2,190.01, for a total value of $646,052.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,469 shares of company stock valued at $9,705,366. 0.24% of the stock is owned by corporate insiders.

Booking Company Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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